Picton Mahoney Asset Management Boosts Stake in Roblox Corporation $RBLX

Picton Mahoney Asset Management boosted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 277.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,924 shares of the company’s stock after acquiring an additional 84,502 shares during the period. Picton Mahoney Asset Management’s holdings in Roblox were worth $15,917,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after buying an additional 5,363 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Roblox by 74.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,031 shares of the company’s stock valued at $12,312,000 after buying an additional 50,087 shares in the last quarter. Spire Wealth Management grew its holdings in Roblox by 53.7% in the 2nd quarter. Spire Wealth Management now owns 2,559 shares of the company’s stock valued at $269,000 after buying an additional 894 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Roblox by 53,028.6% in the 2nd quarter. Assetmark Inc. now owns 44,628 shares of the company’s stock worth $4,695,000 after acquiring an additional 44,544 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $66.98 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $44.32 billion, a P/E ratio of -43.21 and a beta of 1.62. The firm’s 50 day moving average price is $73.06 and its 200-day moving average price is $100.57. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The firm’s quarterly revenue was up 122.6% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Jefferies Financial Group set a $85.00 target price on shares of Roblox in a research note on Thursday, January 15th. Wells Fargo & Company set a $97.00 price target on shares of Roblox in a research note on Monday, February 9th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Finally, Wolfe Research set a $100.00 price objective on Roblox in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 10,834 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer owned 800,539 shares in the company, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 60,000 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the transaction, the insider directly owned 394,322 shares in the company, valued at approximately $25,212,948.68. The trade was a 13.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 703,144 shares of company stock valued at $51,681,640. Insiders own 12.92% of the company’s stock.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.